Experts often recommend having a balanced investment portfolio to balance overall risk and get good returns. In order to achieve this, it is advised to start diversifying your funds in high-risk investment options as well as low-risk savings options like fixed deposits (FDs).
As fixed deposits are not market-linked, they offer the much needed stability in an investment portfolio. It hedges against dynamic changes that are caused by market fluctuations and offer great returns. FDs are offered by banks, post offices and Non-Banking Financial Companies (NBFCs). NBFC FD rates are typically higher than that of a bank. Bajaj Finance Fixed Deposit is one such FD that provides both high NBFC FD rates and capital safety.
Top 5 Reasons That Make Bajaj Finance FDs an Excellent Investment Option
Bajaj Finance FD is one of the best savings options that is available in the market. The reasons why you should consider booking a Bajaj Finance FD are as follows:
High FD interest rates: Bajaj Finance FD rates are one of the most lucrative fixed deposit interest rates in the market. You can get interest rates of up to 8.35% for general citizens and up to 8.60% for senior citizens. Senior citizens get an additional 0.25% over the base rate. Bajaj Finance offers fixed deposits with special tenors that have higher interest rates. You also have the flexibility of choosing from a variety of tenors.
The fixed deposit interest rate of Bajaj Finance FD is listed below:
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Bajaj Finance FD Rates for Non-senior Citizens |
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| Tenor | Cumulative FD | Non-Cumulative FD | |||
| At Maturity (p.a) | Monthly (p.a) | Quarterly (p.a) | Half Yearly (p.a) | Annual (p.a) | |
| 12 – 14 months | 7.40 % | 7.16 % | 7.20 % | 7.27 % | 7.40 % |
| >15 – 23 months | 7.50 % | 7.25 % | 7.30 % | 7.36 % | 7.50 % |
| 24 months | 7.55 %. | 7.30 % | 7.35 % | 7.41 % | 7.55 % |
| 25 – 35 months | 7.35 %. | 7.11 % | 7.16 % | 7.22 % | 7.35 % |
| 36 – 60 months | 8.05 %. | 7.77 % | 7.82 % | 7.89 % | 8.05 % |
Disclaimer: The interest rates mentioned are as of 15th May 2023 and are subject to change as per the policies of the financial institution.
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Bajaj Finance FD Rates for Senior Citizens |
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| Tenor | Cumulative FD | Non-Cumulative FD | |||
| At Maturity (p.a) | Monthly (p.a) | Quarterly (p.a) | Half Yearly (p.a) | Annual (p.a) | |
| 12 – 14 months | 7.65 % | 7.39 % | 7.44 % | 7.51 % | 7.65 % |
| >15 – 23 months | 7.75 % | 7.49 % | 7.53 % | 7.61 % | 7.75 % |
| 24 months | 7.80 % | 7.53 % | 7.58 % | 7.65 % | 7.80 % |
| 25 – 35 months | 7.60 % | 7.35 % | 7.39 % | 7.46 % | 7.60 % |
| 36 – 60 months | 8.30 % | 8.00 % | 8.05 % | 8.13 % | 8.30 % |
Disclaimer: The interest rates mentioned are as of 15th May 2023 and are subject to change as per the policies of the financial institution.
| Bajaj Finance FD Rates for Non-senior Citizens | |||||
| Tenor | Cumulative FD | Non-Cumulative FD | |||
| At Maturity (p.a) | Monthly (p.a) | Quarterly (p.a) | Half Yearly (p.a) | Annual (p.a) | |
| 15 months | 7.45 % | 7.21 % | 7.25 % | 7.32 % | 7.45 % |
| 18 months | 7.40 % | 7.16 % | 7.20 % | 7.27 % | 7.40 % |
| 22 months | 7.50 % | 7.25 % | 7.30 % | 7.36 % | 7.50 % |
| 30 months | 7.45 % | 7.21 % | 7.25 % | 7.32 % | 7.45 % |
| 33 months | 7.75 % | 7.49 % | 7.53 % | 7.61 % | 7.75 % |
| 44 months | 8.35 % | 8.05 % | 8.10 % | 8.18 % | 8.35 % |
Disclaimer: The interest rates mentioned are as of 15th May 2023 and are subject to change as per the policies of the financial institution.
| Bajaj Finance FD Rates for Senior Citizens | |||||
| Tenor | Cumulative FD | Non-Cumulative FD | |||
| At Maturity (p.a) | Monthly (p.a) | Quarterly (p.a) | Half Yearly (p.a) | Annual (p.a) | |
| 15 months | 7.70 % | 7.44 % | 7.49 % | 7.56 % | 7.70 % |
| 18 months | 7.65 % | 7.39 % | 7.44 % | 7.51 % | 7.65 % |
| 22 months | 7.75 % | 7.49 % | 7.53 % | 7.61 % | 7.75 % |
| 30 months | 7.70 % | 7.44 % | 7.49 % | 7.56 % | 7.70 % |
| 33 months | 8.00 % | 7.72 % | 7.77 % | 7.85 % | 8.00 % |
| 44 months | 8.60 % | 8.28 % | 8.34 % | 8.42 % | 8.60 % |
Disclaimer: The interest rates mentioned are as of 15th May 2023 and are subject to change as per the policies of the financial institution.
Minimum amount of just ₹5,000: You do not need a large corpus to grow your savings. With just ₹5,000 per month, you can start your Systematic Deposit Plan (SDP) journey. It works just like a SIP and each deposit will be taken into account as a new fixed deposit and will be locked-in at the current interest rate. SDP has two variants namely, single maturity scheme and monthly maturity scheme. On the other hand, the minimum amount is ₹15,000 for normal Bajaj FD schemes.
Loan against fixed deposit facility: You can choose the facility of loan against fixed deposit that Bajaj Finance provides in case of a financial crisis. You can get up to 75% of the fixed deposit amount as a loan and your FD remains untouched. There is a three month lock-in period after which you are eligible to take a loan at any time.
Flexible payout options: Bajaj Finance offers two types of FD schemes- cumulative FDs and non-cumulative FDs. With a cumulative fixed deposit, you get the interest along with the principal amount after maturity, whereas with a non-cumulative FD, you get the interest payouts at regular periodic intervals. You have options of payout like monthly, half yearly, quarterly and annually. You can choose a payout option that aligns with your financial goals and situation.
Facility of auto-renewal: Bajaj Finance also provides the auto-renewal facility in which the NBFC renews your deposit automatically for the same interest rate and tenor upon maturity. With this facility, you also get an additional 0.25% per annum interest rate.
Credibility and safety: Investors can rest assured that the money is in safe hands when it comes to Bajaj Finance. They have the credit rating of AAA(Stable) by ICRA and AAA/STABLE by CRISIL. ICRA and CRISIL are top Indian credit rating agencies.
End-to-end online process: You can start your savings journey easily from the comfort of your house with Bajaj Finance’s online end-to-end investment process. You can access this from anywhere around the world and at any time.
FDs are a great way to diversify your investment portfolio. With guaranteed returns and high credit rating, Bajaj Finance fixed deposit is the ideal choice for risk-averse investors who are looking for a good savings instrument to park their savings. Book your Bajaj Finance fixed deposit and start your savings journey today.
